FEATURED ARTICLES ABOUT BANGALORE DEVELOPMENT AUTHORITY - PAGE 4

ICRA Ratings Bangalore Development Authority The LAA+(SO) rating assigned to the Rs 100-crore bond programme of Bangalore Development Authority (BDA) has been retained. The rating takes into account the buoyant revenues backed by sustained creation of new sites for sale by BDA and the continued demand for these sites as reflected by the high levels of oversubscription during FY2003. The rating also takes cognisance of the delays in execution of layout works as well as the increasing level of non-revenue generating projects being taken up by BDA. Gujarat Heavy Chemicals The ratings to the long- & medium-term debt instruments of Gujarat Heavy Chemicals Ltd (GHCL)

Bangalore: Minor airports at Gulbarga and Shimoga would be operational by July, and the 11 km northern corridor of Bangalore Metro by year-end, Karnataka Governor H R Bhardwaj said today. Delivering his address to the joint session of the state Legislature, he said minor airports at Shimoga, Gulbarga, Bijapur and Hassan are being developed on public-private-partnership basis. He said the Namma Metro's northern corridor of 11 km with ten stations, from Peenya to Sampige Road, is scheduled to commence its operations by December 2012 and the entire Phase-I is expected to be completed by December next year.

BENGALURU: The Lokayukta police registered 'disproportionate assets' cases against an IAS officer and a dozen other government officials after a statewide raid that yielded unaccounted wealth totalling 14 crore on Tuesday . BM Vijay Shankar, an IAS officer posted as director of the Department of Women and Child Development, P Narayana Murthy , a deputy secretary at Bangalore Development Authority and Laxmappa Bimappa Nilogal, executive...

BENGALURU: The Bangalore Development Authority (BDA) has called tenders to demolish its decades-old shopping complexes in Indiranagar, Austin Town and RT Nagar, finally deciding to replace its mostly defunct structures with modern shopping malls. The Indiranagar BDA complex is the oldest among these, built on a three-acre plot in 1982 and regarded as the forefather of all shopping centres in the city . The mall that is to come up on its debris will be the first to be constructed by the government, even if in a partnership.

BANGALORE: Spelling fresh trouble for former Karnataka Chief Minister B S Yeddyurappa, Lokayukta police on Saturday filed an FIR against him, Housing Minister V Somanna and two others, alleging irregularities in denotification of land. "An FIR has been filed against Yeddyurappa and Somanna, mainly under the provisions of the Prevention of Corruption Act and also for misappropriation, breach of criminal trust and forging documents," City Lokayukta Superintendent of Police Shivashankar said.

BANGALORE: Nimble footed private sector banks, who aggressively provided loans to Bangaloreans applying for a site in a layout to have been developed by the Bangalore Development Authority (BDA), might just have landed themselves in a potential tight-spot. This follows the Dharam Singh led Congress-JD(S) ministry's decision to stop the tendering process for the development of land at the proposed Arkavathy layout. This development was to have come en route to the proposed new international airport at Devanahalli, on the outskirts of Bangalore.

BANGALORE: In a setback to former Karnataka Chief Minister B S Yeddyurappa , the High Court today dismissed his two petitions praying for quashing of summons issued to him by a lower court in connection with alleged land scams . Justice Anand Byrareddy dismissed the petitions after hearing the arguments of petitioner and advocate Sirajin Basha on whose private complaints the Lokayukta Court had issued summons against Yeddyurappa and...

BANGALORE: The Lokayukta Special Court granted exemption to former Chief Minister B S Yeddyurappa from personal appearance for today but made it clear he would have to appear before it on August 29, complying with a summon to him on a private complaint over alleged land denotification. Judge N K Sudhindra Rao granted the exemption on health grounds on an application by Yeddyurappa, but however rejected his prayers for exemption from personal appearance. Yeddyurppa's counsel Ravi B Naik informed the court that his client was suffering from "high fever, hypertension and diabetes and had been advised rest" and not in a position to appear before it, a contention objected to by the complainant Sirajin Basha's counsel C H Hanumantharaya.

The Majestic area is up for development . Even while the Karnataka State Road Transport Corporation (KSRTC) and the Bangalore Mass Rapid Transit Ltd (BMRTL) authorities are busy with the drawing boards to make this all important terminal a transport hub, the Bangalore Development Authority (BDA) is putting up the country's first-ever steel flyover at the Shantala Circle. Speaking on the project, BDA Commissioner M N Vidyashankar says, "the existing junction handles 10,240 PCU per hour during peak hours and we expected it to grow to 13,760 PCU per hour by 2015 with plans being mooted for the metro rail main junction and KSRTC bus junction already in place.

BANGALORE: Former Chief Minister D V Sadananda Gowda today charged BJP strongman B S Yeddyurappa's camp with trying to slap false corruption cases against him and alleged it was a conspiracy to ensure he did not get a prominent post in the party. "I have received information that Yeddyurappa's supporters have been making discrete enquiries about my assets in and around Bangalore and in my native place. I have clear information that a corruption case will be filed against me in the Lokayukta," Gowda said here.